pension

Definition of pension in English English dictionary: Accommodations or the payment for accommodations, especially at a boarding house or small hotel in Europe; To grant a pension; To force someone to retire on a pension; A wage in active service; A boarding house or small hotel, as in continental Europe, which offers lodging and certain meals and services
A pension had somewhat less to offer than a hotel; it was always smaller, and never elegant; it sometimes offered breakfast, and sometimes not (John Irving).; A regularly paid gratuity paid regularly as benefit due to a person in consideration of past services; notably to one retired from service, on account of retirement age, disability or similar cause; especially, a regular stipend paid by a government to retired public officers, disabled soldiers; sometimes passed on to the heirs, or even specifically for them, as to the families of soldiers killed in service
Pensioners depend on their pension to pay the bills.; A stated regular allowance by way of patronage or subsidy, e.g. to meritorious artists, or the like; a periodical allowance to an individual on account of past service done by him/her; {n} a settled yearly allowance, a salary; {v} to support by a yearly allowance; A stated allowance to a person in consideration of past services; payment made to one retired from service, on account of age, disability, or other cause; especially, a regular stipend paid by a government to retired public officers, disabled soldiers, the families of soldiers killed in service, or to meritorious authors, or the like; A group savings plan that has the exclusive purpose of providing a secure retirement income for those who leave the work force because of age; Payments made periodically of (generally) a definite amount for a specified period (usually life) from an employer-funded plan to workers who have met the stated requirements Its primary purpose is to provide retirement income; generally any periodic payment payable for the lifetime of a person who has become entitled to such a benefit pursuant to the terms of a pension plan; A certain sum of money paid to a clergyman in lieu of tithes; grant a pension to; A pension is a regular payment to you from a pension scheme once you have retired or have reached an age when you are entitled to draw that pension; A lifetime monthly income paid by your pension plan; A long term support payment lasting for a person's lifetime or until they become ineligible eg: single parent whose child turns 16 •Child Maintenance; A life income payable to a person who has retired; (military) A benefit paid regularly to a person for military service or a military service related disability It was not common to receive both a pension and bounty land As the 19th century progressed the national government changed from granting bounty land to paying pensions See NATF 80; {f} grant a pension, give a regular payment to someone who cannot work due to old age or disability; A continuing income that is usually associated with the post-retirement period of a person's life; A boarding house or small hotel in Europe; n payment, not wages, made regularly to a person (or to their family) who has fulfilled certain conditions of service, reached a certain age, etc; Income received upon retirement There are two basic types of pension benefit: a defined-benefit plan and a defined-contribution plan A defined-benefit plan is a traditional pension plan usually paid for by your employer Upon retirement, you receive a fixed monthly check based on your age, salary and length of service A defined-contribution plan puts the onus on you to contribute a percentage of your current income to the plan, whereupon your employer will match part or all of your contribution the combined sum to be received upon your retirement The typical defined-contribution plan is a 401(k) or 403(b) plan BACK TO TOP; A boarding house or boarding school in France, Belgium, Switzerland, etc; Also known as an annuity Your IMRF pension is paid as long as you live and is increased by 3 percent of the original amount each year You must have at least eight years of service credit and be age 55 to apply for an IMRF pension; Deductible pension or retirement income received by a claimant under a plan maintained by a Base Period employer, which the base period employer contributed the entire amount to the pension or retirement plan; A small establishment offering rooms for the night and little else This is your staple budget accommodation; A generic term used to describe a retirement benefit paid in the form of periodic income, usually monthly, over the life of the pensioner and/or joint lives of the pensioner and beneficiary; a regular sum of money paid to a retired worker in return for past services or contributions; A sum of money paid regularly to an eligible person or to the designated beneficiary of such a person who has retired from employment because of disability or advanced age; A sum of money paid regularly as retirement benefit due to age, disability or other cause, or by way of patronage; a benefit paid regularly to a person for military service or a military service related disability; Someone who has a pension receives a regular sum of money from the state or from a former employer because they have retired or because they are widowed or disabled. struggling by on a pension. a company pension scheme. an amount of money paid regularly by the government or company to someone who does not work any more, for example because they have reached the age when people stop working or because they are ill. Series of periodic money payments made to a person who retires from employment because of age, disability, or the completion of an agreed span of service. The payments generally continue for the rest of the recipient's natural life, and they are sometimes extended to a widow or other survivor. Military pensions have existed for many centuries; private pension plans originated in Europe in the 19th century. There are two basic types of pension plans: defined contribution and defined benefit. A defined contribution plan invests a defined amount each pay period. The individual may have some discretion as to how the money is invested. The benefit, the amount of the pension, depends on the success of those investments. A defined benefit plan pays a known amount according to some formula, but the amount invested in the fund may vary. Pensions may be funded by making payments into a pension trust fund or by the purchase of annuities from insurance companies. In plans known as multiemployer plans, various employers contribute to one central trust fund administered by a joint board of trustees; a regular income stream paid to an individual, either by the Government (such as an Age Pension) or from a superannuation benefit; {i} financial benefit paid after a person has stopped working; boarding house; allowance, stipend; a regular payment to a person that iis intended to allow them to subsist without working; A regular periodic payment to a person, such as the Social Security Pension or a superannuation pension A superannuation pension is paid out of superannuation benefits accumulated in a superannuation fund; Payments for life derived from money provided by the employer All pensions shall be payable in equal monthly installments; A payment; a tribute; something paid or given; A lifetime monthly income benefit payable to a person upon his or her retirement; a fixed sum paid regularly to a person (or to surviving dependents) from a company following an individual's retirement from service; To grant a pension to; to pay a regular stipend to; in consideration of service already performed; sometimes followed by off; as, to pension off a servant; A type of savings scheme that you and your employer or just your employer contributes to during your working life Upon retirement you are entitled to draw the money in the scheme either in a lump sum or annually; A series of periodic payments, usually for life, payable monthly or at other specified intervals The term is frequently used to describe the part of a retirement allowance financed by employer contributions Compare with Annuity - A regular payment, usually monthly, to a person who has retired from employment because of advanced age or disability; pen
pension fund: A pool of assets forming an independent legal entity that are bought with the contributions to a pension plan for the exclusive purpose of financing pension plan benefits
Pension Expense: Under the accrual method of accounting, this account reports the employer's expense for the company's pension plan during the period indicated in the heading on the income statement. Information on pensions can be found in an Intermediate Accounting textbook
pension book: In Britain, a pension book is a small book which is given to pensioners by the government. Each week, one page can be exchanged for money at a Post Office. a book that the British government gives to pensioners, which allows them to collect their pensions
pension fund: (1) The assets used to pay the pensions of retirees (2) An investment institution established to manage the assets used to pay the pensions of retirees
pension fund: fund established to provide pensions for retired employees
pension fund: This usually refers to Unit Linked Pension Funds These are funds run by Life Assurance and Pension Companies Such funds are used for individuals contributing toward Pension Plans to invest in The assets held within the fund are divided into a number of units
pension fund: Accumulates money that will be paid out to plan subscribers in the future
pension fund: a financial institution that collects regular contributions from employers to provide retirement income for employees a fund reserved to pay workers' pensions when they retire from service
pension fund: financial institution that invests workers' pension contributions, and pays them pensions on retirement
pension fund: the Church Pension Fund; the retirement program for clergy and other church workers of the Episcopal Church
pension fund: (1) Assets used to pay the pensions of retirees (2) An investment management company that manages the assets used to pay the pensions of retirees
pension fund: The institution that manages the assets used to pay pensions, or the assets themselves
pension fund: A fund set up by a corporation, labor union, government entity, or other organization to pay the pension benefits of retired workers These funds invest billions of dollars annually in stocks and bonds and are a major force regulating the supply and demand of the markets
pension fund: A fund set up and invested by an employer or a labor union to provide retirement income for workers The funds accumulate income and capital gains tax-free which are used to pay benefits
pension fund: Strictly speaking, this is the assets of a pension scheme but the term is very often used for the scheme itself
pension fund: A fund consisting of money contributed by the employer and/or the employees, plus earnings to provide pension benefits to retired employees of a corporation, government entity, or to other organizations Topic areas: Fundraising and Financial Sustainability
pension fund: Like a mutual fund, except that the investors are long-term and bound by some common workplace affiliation (such as a union) In many countries, pension funds represent the largest single institutional investors
pension fund: a large amount of money that a company invests and uses to pay pensions
pension fund: a fund reserved to pay workers' pensions when they retire from service
pension fund: Trust fund in which your contributions and your employer's contributions accumulate and are invested to pay for current and future pension benefits
pension fund: A fund set up to pay the pension benefits of a company's workers after retirement
pension fund: A fund that is set up to pay pension benefits to retired employees of a corporation, government entity, or to other organizations The fund's earnings are tax deferred until withdrawn by the retiree, who is then responsible for paying taxes on the amount withdrawn
pension fund: An investment fund within a Pension Scheme which is intended to accumulate during an individual's working life from contributions and investment income, with the intention of providing an income in retirement from the purchase of an Annuity, with the possible option of an additional tax free cash lump sum being paid to the individual
pension fund: a financial institution that collects regular contributions from employers to provide retirement income for employees
pension fund: The Trust Fund responsible for collecting and investing contributions and for paying benefits
pension fund allocation: allotting of part of a salary to a retirement fund
pension funds: Funds launched to meet pension plan requirements Their management and custody is delegated to the management and depositary entities of pension plans They offer fiscal bonuses
pension funds: Pension funds usually have large amounts of money available for investment Because of the comparatively high yields and low risks offered by mortgages, pension funds have begun to participate actively in financing real estate projects Most real estate activity for pension funds is handled through mortgage bankers and mortgage brokers (See noninstitutional lenders)
pension funds: Savings of households that are invested in order to provide income during retirement Pension funds are frequently part of an employee's benefits package and are managed by investment companies
pension off: let go from employment with an attractive pension; "The director was pensioned off when he got senile
pension off: If someone is pensioned off, they are made to retire from work and are given a pension. Many successful women do not want to be pensioned off at 60 When his employees were no longer of use to him, he pensioned them off
pension off: retire with a pension
pension plan: The pension plan question on the March CPS attempted to identify if pension plan coverage was available through an employer or union and if the employee was included This information was collected for civilian persons 15 years old and over who worked during the previous calendar year
pension plan: A negotiated benefit whereby the employer and/or the employee contribute regularly to a federally approved plan that will yield a benefit upon retirement
pension plan: a plan for setting aside money to be spent after retirement
pension plan: A contract between a company and it employees whereby the company agrees to pay benefits to employees after their retirement
pension plan: An asset pool that accumulates over an individual's working years and is paid out during the nonworking years 536
pension plan: a company or government sponsored plan that provides regular income to retired or disabled employees
pension plan: An arrangement under which an employer-and sometimes the employee-makes payments toward retirement, disability, or death benefits for employees who meet certain criteria Types of pension plans include defined benefit plans, defined contribution plans, employee stock ownership plans, money purchase plans, profit-sharing plans, stock bonus plans, thrift plans, and target benefit plans
pension plan: As listed in sections 401 and 404 of the Internal Revenue Code that describes a method for an employer to pay contributions to an employee's fund
pension plan: An investment plan which can provide a lump sum on and an income after retirement A pension plan is sometimes used as a way of providing a lump sum to repay the capital of an interest only mortgage
pension plan: A retirement plan that holds investments of a company's employees for the purpose of providing retirement benefits when the employee retires or leaves the company
pension plan: Contractual agreement between an employer and its employees for the employer to provide benefits to employees after they retire (See (p 450))
pension plan: A fund that is established for the payment of retirement benefits
pension plan: An agreement under which an employer or employee organization establishes a plan to provide covered employees with a lifetime monthly income benefit that begins at their retirement The covered employees are pension plan participants The entity that establishes or maintains the pension plan is the pension plan sponsor
pension plan: – A formal arrangement through which the employer, and in most cases the employee, contribute to a fund to provide the employee with a lifetime income after retirement
pension plan: A contract between an individual and an employer, labor union , government entity or other institution, which provides for the distribution of pension benefits at retirement Plan Custodian: An institution retained by a contractual plan company to perform clerical duties The custodian's responsibilities include safeguarding plan assets, sending out customer confirmations and issuing shares See also Custodian; Mutual Fund Custodian
pension plan: A pension plan is an arrangement to receive a pension from an organization such as an insurance company or a former employer in return for making regular payments to them over a number of years. I would have been much wiser to start my own pension plan when I was younger. An arrangement for paying a pension to an employee, especially one funded fully or in large part by an employer. an arrangement in which you pay money regularly into a pension fund while you are working, so that you will receive a pension
pension plan: A retirement plan established by a corporation or organization to provide income for its employees when they retire
pension plan: A retirement plan with a predetermined benefit, the same as a defined benefit plan
pension plan: retirement plan, plan which provides an employee with a pension once he retires
pension plan: A qualified retirement plan established by a corporation or organization to provide income for its employees when they retire
pension plan: A formal arrangement through which the employer, or more usually the employee, contributes to a fund to provide the employee with a lifetime income after retirement
pension plan: An investment plan which can provide a tax-free lump sum on and an income after retirement A pension plan is sometimes used as a way of providing a lump sum to repay the capital of an interest only mortgage
pension plan: a plan, scheme or arrangement organized and administered to provide pensions for members and former members pursuant to which an employer is required to make contributions
pension plan: A formal arrangement through which the employer, and in most cases employee, contributes to a fund to provide the employee with a lifetime of income at retirement
pension plan: A plan set up by a corporation, government, institution, labor union, or other group to pay retirement benefits to employees
pension plan: A contract between a company and its employees whereby the company agrees to pay benefits to employees after their retirement
pension plan: A qualified benefit plan set up by a corporation, government, labor union, or other organization to pay retirement benefits to its employees Topic areas: Fundraising and Financial Sustainability
pension scheme: A scheme which you pay pension contributions to The company running the scheme then invests the money and pays you a pension when you retire An approved pension scheme has various tax exemptions
pension scheme: A pension scheme is the same as a pension plan. His company has the best pension scheme in the industry. a pension plan
pension scheme: A vehicle by which an individual can make pension provision This may be either collective or individual and with or without the involvement (by means of contributions or otherwise) from the individual's employer
pension scheme: An arrangement, other than accident insurance, to provide pension and/or other benefits for members on leaving service or retirement and for the member's dependants in the event of death In the Family Law Acts, the term is given a very broad definition, so that it includes, not only occupational pension schemes as defined in the Pensions Act, but also retirement annuities, buyout policies and unfunded schemes
old age pension: A pension paid to people by the state, when they reach a predefined age, to compensate for loss of earnings
pensioner: {n} one who has or lives on a pension
National Security pension: regular sum of money paid to pensioners by the National Security Institution (Israel)
assessment pension: pension paid to an employee in according to his seniority
canada pension plan: A plan that primarily provides retirement income and long-term disability income benefits to residents of Canadian provinces other than Quebec
canada pension plan: A Canadian federally operated (except in Quebec) Social Security plan Provides a monthly pension, usually from age 65, for contributors to the plan With few exceptions, all persons between ages 18 and 70 are covered Employees and employers each pay a percentage of earnings into the plan Contributions are deductible and benefits reportable for income tax purposes
canada pension plan: A national, mandatory, earnings-related pension plan introduced on January 1, 1966 for working Canadians (except in Quebec) between the ages of 18 and 70
canada pension plan: The Canada Pension Plan is Canada's government and user-financed pension plan Every working Canadian contributes to the plan - whether by payroll deductions at work or, for those who are self-employed, directly via the Canada Customs and Revenue Agency The goal of the CPP - along with Old Age Security and the Guaranteed Income Supplement - is to provide retired Canadians with a minimum level of retirement income
canada pension plan: The Canada Pension Plan is a government program providing retirement, death and disability benefits for Canadians Along with OAS, it makes up one leg of the retirement planning stool Working individuals make contributions (2 7% of pay between $3,400 and $34,900 in 1995) which are matched by employers In turn at retirement recipients receive a benefit of 25% of average monthly pensionable earnings adjusted for increases in the YMPE CPP contribution rates are scheduled to double over the next 20 years There is uncertainty as to whether those employed will be willing to pay these high contribution rates The future of CPP benefits may be in jeopardy
canada pension plan: The federal pension plan administered by Human Resources Development Canada It applies in all provinces and territories of Canada except Quebec
canada pension plan: – The Canada Pension Plan is Canada's joint government and user-financed pension plan Each working Canadian will contribute to the plan in the form of either payroll deductions or for the self-employed, directly via CCRA The goal of the CPP – along with Old Age Security and the Guaranteed Income Supplement – is to provide retired Canadians with a minimum level of retirement income
comprehensive pension: disability benefit of pension fund which can be awarded to the next of kin
dependents pension: financial support for the family of a deceased person
disability pension: pension received by a disabled person
entitled to pension: having the right to regularly receive a specified sum of money (upon retirement, in case of injury, etc.)
insurance pension: fund into which money is set aside each month and provides monthly payments when a person retires from his profession
noun pension 3: a small cheap hotel in France and some other European countries
old age pension: money paid to retired employees
old age pension: An old age pension is a regular amount of money that people receive from the government when they have retired from work. money that is paid regularly by the state to old people who do not work any more American Equivalent: social security
old-age pension: a monthly payment made to someone who is retired from work
pension fund: retirement fund
pensioned: past of pension
pensioner: An individual who receives an income from a Pension Scheme
pensioner: the beneficiary of a pension fund
pensioner: someone who lives on a pension
pensioner: One in receipt of a pension; hence, figuratively, a dependent
pensioner: A member who is currently receiving payment of a pension from a pension scheme
pensioner: Someone (scheme member or not) entitled to a pension paid by CGA
pensioner: One of an honorable band of gentlemen who attend the sovereign of England on state occasions, and receive an annual pension, or allowance, of £150 and two horses
pensioner: A person of pensionable age or over
pensioner: In the university of Cambridge, England, one who pays for his living in commons; corresponding to commoner at Oxford
pensioner: A pensioner is someone who receives a pension, especially a pension paid by the state to retired people. = OAP. someone who receives a pension = senior citizen British Equivalent: OAP retire
pensioner: {i} retired person who lives on a monthly financial stipend
pensioner: person who receives pension benefits
pensioners: plural of pensioner
pensioning: present participle of pension
pensioning: {i} allocating, allotting
pensions: third person singular present tense of the verb to pension
pensions: The operation of company pension schemes is governed by a substantial body of law intended to protect the interests of pensioners
pensions: are a form of funding which aims to support the individual after they have retired from work All ' old age pensioners' receive a pension from the state which is paid for from taxation Many individuals also save for their retirement by contributing to private pension This is often done by the individual's employer who will make regular deductions from their wages Some individuals also decide to take out an additional pension policy by paying extra amounts of their income as a form of saving
pensions: plural of pension
retire on pension: leave a place of employment and receive a pension
self-invested personal pension: {i} (UK) SIPP, pension plan that makes it possible for the holder of the pension to choose and manage the investments made
stakeholder pension: In Britain, a stakeholder pension is a flexible pension scheme with low charges. Both employees and the state contribute to the scheme, which is optional, and is in addition to the basic state pension
unfunded pension: pension that is paid by an employer in accordance with the number of years worked

pension

Hyphenation

pen·sion

Turkish pronunciation

penşın

Synonyms

superannuation, hotel, hostel, bed and breakfast, rent, pension off, allowance, annuity, gift, grant, ira, payment, premium, retirement account, reward

Pronunciation

/ˈpensʜən/ /ˈpɛnʃən/

Etymology

() Recorded since 1362 from Old French pension (“payment", "rent”), from Latin pensio (“payment", "rent”), from pensus, the past participle of pendere (“to weigh", "to pay”)